Aurelian Resources Was Stolen By Kinross and Management But Will Not Be Forgotten

The company whose shareholders were better than its management

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Message: Revenue Canada

Revenue Canada

posted on Aug 14, 2008 10:12AM

I am no expert on this but perhaps it might be worth following up as the way this deal is structured could be viewed as a tax avoidance scheme. Kinross parks 71 million dollars in Aurelians bank account purportedly for 15 million shares all the while knowing when the takeover is completed the 71 million dollars becomes theirs again effectively meaning that Kinross will have paid zero cents per share. That would mean the Aurelian BOD has in fact given Kinross a gift of perhaps in real terms of hundreds of millions of dollars in free shares. Gifts are taxable as far as i know. Just a thought perhaps worth looking into and perhaps Revenue Canada might be interested in having a closer look at this deal.

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